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Huntington Bancshares Inc (HBAN): Today's Featured Banking Winner

Huntington (
HBAN) pushed the Banking industry higher today making it today's featured banking winner. The industry as a whole closed the day down 0.5%. By the end of trading, Huntington rose 4 cents (0.6%) to $6.52 on light volume. Throughout the day, 7.1 million shares of Huntington exchanged hands as compared to its average daily volume of 12.5 million shares. The stock ranged in a price between $6.44-$6.55 after having opened the day at $6.45 as compared to the previous trading day's close of $6.48. Other companies within the Banking industry that increased today were:
United Security (
USBI), up 9.4%,
Colony Bankcorp (
CBAN), up 8.2%,
Credit Suisse (
DGAZ), up 7.6%, and
Georgetown Bancorp (
GTWN), up 6.6%.

Huntington Bancshares Incorporated operates as the holding company for The Huntington National Bank that provides commercial, small business, and consumer banking services. Huntington has a market cap of $5.43 billion and is part of the
financial sector. The company has a P/E ratio of 10.1, above the average banking industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.7. Shares are up 14.4% year to date as of the close of trading on Friday. Currently there are five analysts that rate Huntington a buy, two analysts rate it a sell, and 13 rate it a hold.

TheStreet Ratings rates Huntington as a
buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow.